Would you rather be Street Smart or Book Smart? Some intelligent people are not educated to a higher level. In the beginning he emphasizes that his knowledge of business comes from street smarts, beginning with the lessons he learned on the street from his father. A practical and rational understanding of your situation is what you need to push yourself forward. 7. Experience is the mother of wisdom and experience without learning is more beneficial than learning with no experience. What can you say…You can do it all. Most of the time, you are navigating the world and are out of a schooling or education environment. Book smarts refer to the education, schooling and other kinds of knowledge that one has acquired. Your email address will not be published.